On Sunday, November 19, Sergio Massa, current Minister of Economy, and the libertarian leader Javier Milei will compete for the presidency of Argentina. A recent survey revealed that voters of both candidates in the runoff are the most interested in cryptocurrencies. What both contenders think about virtual assets is not minor, since Argentina appears 15th in the global adoption index prepared by Chainalysis.
These days the campaign for the second and final electoral round in Argentina is underway. On Sunday, November 19, two very different views on central aspects of political life will compete to succeed Alberto Fernández. The current Minister of Economy and candidate of the “Unión por la Patria” party, Sergio Massa, and the libertarian outsider Javier Milei.
The leader of the “La Libertad Avanza” party has recently garnered support from the “Together for Change” space, led by former president Mauricio Macri, who came third in the general elections last October.
What the Candidate for President of Argentina Sergio Massa Thinks about Cryptocurrencies
The proposals of both candidates regarding cryptocurrencies did not play a fundamental role in the campaign. However, each one has clearly shown what they think about that industry, and the impressions of both contenders in that area will be collected.
A review that may present some clues as to how cryptocurrencies would fare in the event of an eventual victory for any of the applicants. What, without a doubt, must be clear is the strong adoption that virtual assets have in a country with more than 100 annual inflation points.
For a good part of Argentines, what the next President thinks about cryptocurrencies is a transcendental question. The ruling party in Argentina has had internal differences in recent years that it maintains today.
On the one hand there are the so-called “hard Kirchnerists”, whose view of cryptocurrencies has been and is critical. On the other hand, there are those who are interested in new technologies and, particularly, pay attention to the data that makes Argentina a strongly crypto country.
The current government even discouraged the use of cryptocurrencies, considering them a mechanism for money laundering. Added to this was a strong campaign to find clandestine virtual asset mining spaces. But that reality changed with the arrival at the Ministry of Economy of someone who is today one of the contenders in the second electoral round.
What the Candidate for President of Argentina Javier Milei Thinks about Cryptocurrencies
The eccentric candidate and leader of the “La Libertad Avanza” coalition has historically been in favor of the use of virtual assets and the implementation of new technologies. The candidate for the presidency of Argentina and Massa’s rival in the November 19 runoff promotes a decentralized economic philosophy. Milei made this economic perspective explicit with his proposal to eliminate the Central Bank (BCRA).
“The Central Bank is a scam. It is a mechanism by which politicians defraud good people with the inflation tax. Bitcoin represents the return of money to its original creator, which is the private sector. The problem is that the states will not give up the forced course of the issuance, because that is where they scam.”
Javier Milei has received severe questions for advising to invest in CoinX. This is a platform that became famous for being a pyramid scam. As a recipe to fight Argentina’s inflation, the economist advised his followers to invest in this scheme.
By Leonardo Perez
